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Search Results 60 to 159 of about 248 (some duplicates have been removed)
CSPAN
Jan 1, 2013 8:00pm EST
-for. in the last night or the last two days of a congress to say that two months from now, a new congress is going to do what we are not doing here today is not something i would like to do. i want americans to have lower taxes, but the other day in conference, one of my colleagues pointed out that if, in fact, you're spending the money, you're taxing our future generation. we are taxing $1.2 trillion next year. we are taxing $1.2 trillion. we won't collect it, but taxing $1.2 trillion of deficit. the chairman of the committee of the ways and means committee, mr. camp, rightfully so said, we also aren't simplifying the tax code and not making it better or fairer and not getting rid of the nascar loophole or the electric motor scooter low-speed loophole and not getting rid of a lot of tax things that are here. we aren't taking things that the president said he would be for, like getting the calculation of changing the consumer price index for federal security work force and pensions, which would reduce the deficit. i cannot believe that this tax cut will, in fact, be followed with the spending cuts
MSNBC
Jan 2, 2013 3:00pm PST
. the gop is falling apart. but we can't let that crack up hurt the country. joining me now is congress won january shakowski and mi mia malikah henderson. happy new year to both of you. >> congresswoman, how can democrats deal with the republican party that's in such disarray? >> well, i actually liked what happened last night. that is john boehner said he didn't need to follow the rule of having the majority of the majority party. but, actually, did let the house work its will. and a majority of democrats, all but 16, and 8 a rep5 republican able to move the country forward. i'm hoping that that will be a pattern and, actually, that will remain. now, whether or not the leadership is going to be able to stay as it is or there's going to be this internal battling. but, honestly, what we have among so many of the republicans and in the house of representatives and now, even pat thume in the senate, he wants to see the government shut down in the debt ceiling. when you've got crazy people like that, there is no hope of getting something done that's good for the country. >> but congresswoman,
KRON
Jan 2, 2013 6:00am PST
back up. >> congress has nearly avoided a fiscal cliff. the republican-led house of representatives agreed on a compromise late last night. if less than 24 hours after the deal was passed by the senate. if the final house vote was 257 to 167, with 85 republicans joining democrats. the vote capped off weeks of back and forth between chambers. president obama praised the compromise, saying that he does not want a repeat of the bickering in future negotiations. >> the bill case and come taxes the same for everyone except individuals making $400,000 a year or more. it also delays automatic spending cuts in defense and government programs for two months. it extends long term unemployment benefits that were set to expire. the measure head to president obama, who has promised to sign it. he left immediately after commending on of the house vote, to rejoin his family in hawaii. >> our coverage of this fiscal cliff agreement will continue throughout the morning. essex 30 a.m. we will carry opening bell alive, as a big rally is expected after the deal. then at 6:45 a.m. kron 4 financial exper
NBC
Dec 31, 2012 6:30pm EST
to six weeks, over the next six months, we could be going through nights like this where we're up against the clock and congress has to act and the president -- they have to figure out how to compromise or watch automatic headaches kick in. >> chuck todd is going -- it's going to be a long night. thanks for being with us on wall street today, this final trading day of the year. investors were hopeful of a deal would be work out by the time the closing bell rang at 4:00. stocks soared to their highest point today. the dow finished 166 points up, the nasdaq 59 points and the s&p 500 was up almost 2400 points on the day. for the year, the dow finished with a 7% gain. the nasdaq was up almost 16% this year and the s&p 500 gained more than 13%, a very strong year for stocks. so let's bring in cnbc's senior economics reporter steve liesman. steve, we just said the market was way up today, they thought we would have a deal. now we're headed over the cliff. this can't be good news for our economy. >> reporter: it definitely would not be. and if you take all the things that kelly mentioned and add
ABC
Jan 2, 2013 1:05am PST
months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both claim was parties claim was their ultimate goal. but tonight both democrats and republicans gave themselves credit forgetting something done.y, veryis a very, very strg first step. >> this is an important one. this is a critical one for the future of the country. >> there was considerable happened wringing about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes t passed. passed. the bill was overwhelming bipartisan support would extend tax cuts for all tax earners earning less than $400,000 a year and tax hikes on those estates worth $5 million. and benefits set to expire for some two million people. since congress missed the january 1st midnight deadline, technic
MSNBC
Dec 31, 2012 2:00am PST
has signed an executive order giving returning members of congress a 1% raise. >>> and the senate did put in some extra work hours last night but there was some glumbling. one senator said quote this is definitely not a kunbaya moment. >>> now for a look at your new year's eve weather let's turn to bill karins. happy new year's eve morning. >> big day, right? >> it is. going to be a cold one. >> maybe not for i but for everyone it's a cold. a little bit of snow to talk about. no big blockbuster snowstorms. the cold air is the story. easily be the coldest week of the winter season. areas in white winter weather advisories from new mexico, north texas, panhandle of oklahoma across kansas, missouri, southern indiana and illinois this is where light snow is heading your way. winter weather advisory means slippery travel but not a blockbuster event and cancel your events. travel with care especially northern, the panhandle of oklahoma, up through kansas this morning the snow is breaking out shown here in white. we'll be watching missouri. traveling interstate 70 during the morning hours.
CBS
Jan 2, 2013 6:00am EST
the fiscal cliff bill and president obama is thanking congress for passing it. but when he spoke late last night, he said he hopes for less drama in the future. >> there's looft work still to be done -- lot of work still to be done. now the bill heads to the president for his signature. surae chinn is live on capitol hill with more on where we stand now. we have plenty left to do. good morning, surae. >> reporter: that's right. good morning to you, mike and andrea. it's not as big of a financial package as some lawmakers would have liked but a deal is a deal. in the end the house did end up approving the senate fiscal bill around 11:00 last night by a margin of 257-167 opposing votes. and some consider this a political victory for the president that comes one day after the fiscal cliff deadline. but the deal will work retroactively to extend the bush era tax rates for most americans. it is what he campaigned on to raise taxes on the wealthiest. the bill raises income taxes for individuals earning $400,000 a year and families earning $450,000. it includes an extension of unemployment benefi
CSPAN
Jan 2, 2013 10:00am EST
is helping those that have the most. republicans in congress brought this house to a new low last night. the banner other the speaker's chair says, in god we trust. god alone cannot help these people rebuild but the american people cannot trust the republican congress to help either. the only thing the republican leadership did is serve up false promises to the families, false guarantees, many know my cousin john moran was killed on 9/11. he came from the rockaway community. there was a monument on the beach, dozens of mononumets along the rockaway peninsula. they were destroyed by hurricane sandy. it didn't stop my family and his neighbors to go out and sift through the feet of sand to find that memorial with that -- it was that precious they didn't wait for the federal government to come help pull them up by their boot strap they did it themselves, they continue to do it. they're humble people, proud people throughout the entire region affected by this. they will recover but sadly to say, no thanks to the 112th congress. the speaker pro tempore: the gentleman's time has expired. the c
CSPAN
Jan 2, 2013 1:00pm EST
in congress brought this house to a new low last night. the banner on the speaker's chair says, in god we trust. god alone cannot help these families rebuild but unfortunately the american people cannot trust the republican congress to help either. the only thing my republican colleagues did this week was to serve up false hope to the people who have been devastated by this storm. false promises, false guarantees that would be there to help them in their time of need. many of you know that my cousin john moran, i don't speak about john often, was killed on 9/11. he came from the rockaway community. there was a monument on the beach, on beach 118th street, there were i would say dozens of monuments, as congressman meeks knows, along the rockaway peninsula. they were destroyed by hurricane sandy. it didn't stop my family and his neighbors to go out and sift through the feets of sand to find that memorial, it was that precious to them. they didn't wait for the federal government to come help pull them up by their boot straps. they did it themselves. they continue to do it. they're humble peo
MSNBC
Dec 27, 2012 12:00pm PST
because of snow last night. he's now making a final try with congress and there's no denying a new plan is in the works. even in the opening prayer to kick off today's proforma session in the house, the chaplain prayed for congress to make a deal. but they're now adjourned until sunday night and that is where we begin with nbc's white house correspondent peter alexander and mike vicquiera on the hill. >> reporter: when derek rose is back for the chicago bulls, trying to get those answers for you as soon as possible. >> thank you, i appreciate that. >> reporter: of course, the real question right now here at the white house is exactly what's going to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where these tax cuts could take place if they happened after january 1st. the republicans want to vote to lower
NBC
Dec 30, 2012 6:00pm EST
. >> a political showdown with only one certainty, tomorrow night's deadline. the president has a plan c, reversing the effects of the cliff on january 4 when the new congress is in town. >> if america does fall off the fiscal cliff, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. sarah sampson continue our coverage. >> maryland has very strong ties to the federal government. lots of federal workers and businesses that rely on the federal workers. all of them are keeping a close eye on negotiations. according to a report earlier this year by the state department of legislative services, maryland stands to lose 53,000 jobs in 2013 if lawmakers cannot come to an agreement. the state will also lose tax revenue estimated at about $260 million for 2013. if the cuts go through, the state will lose $117 million in federal funding for 2013. that is money the state has already factored into its budget. >> it is gone to affect social service programs -- it is going to affect social service programs as well as some of our defense contractors in maryland. it is g
Current
Jan 2, 2013 3:00pm PST
'm the ultimate shrimp lover, and i sea food differently. ♪ today is the last day of the 112th congress, and not a moment too soon. get this before adjourning last night, the gop-controlled house refused to bring up a $60.4 billion relief package to aid victims of hurricane sandy, and many politicians, even republicans are crying foul. >> for the continued suffering of these innocent victims. the house majority and their speaker, john boehner. we respond to innocent victims of natural disasters, not as republicans or democrats, but as americans, or at least we did until last night. >> jennifer: now criticism like that has prompted speaker boehner to change his tune. he now says that congress will take up that storm-relief package this week. coming us tonight from washington to talk about why congress did fail to act is andrew krol, a reporter with "mother jones." andy welcome back. happy new year. >> happy new year to you too. >> jennifer: stenny holder says that eric cantor told him that he was 99.9% sure that a sandy package would in fact make it to the floor. and
FOX
Jan 2, 2013 4:30am PST
. we want to show you video of president obama boarding air force one. this was late last night. the president left after the house approved a senate bill. that is despite the objections of some house republicans. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back in a recession. >> i wish i could say this was a proud moment. a moment in which we started the year off right. in which the first of january was the first of great many good things. it isn't. we are kicking the can down the road. >> new members of congress will be sworn in tomorrow and over the next two months they will have to resolve the issues this last minute deal does not address. here are some of the provisions of the deal passed last night. a permanent extension of previous tax cuts for all taxpayers. expect for individuals making $400,000 a year. or couples making more than $550,000. and it postpones decisions on controversial spending cuts for two m
NBC
Jan 2, 2013 5:00am EST
of what congress agreed to. >> good morning. a very late vote last night but runtime for millions of americans who wondered if their taxes would go what this year. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the alternative minimum tax from hitting working families and prevent tax hikes for 98% of americans. tax rates will go up for couples making more than $450,000. the estate tax threshold is over $5 million. >> tax relief has been achieved. now is a time for the president to work with congress to address the government overspending. >> and the debt ceiling. president obama urged congress to raise it. >> we cannot not pay bills that we have already incurred. the consequences for the global economy would be catastrophic. >> no word when the president will sign the new bill. it was just in time for nervous investors as markets reopen this morning. tracie potts, wbal-tv 11 news. >> police are investigating two new year's days shootings. what happened on caroli
CBS
Dec 31, 2012 6:30pm EST
'm rebecca jarvis. for all of us at cbs news, happy new year. good night. >>> this is 9 news now. >>> with this congress that was obviously a little too much to hope for at this time. >> tonight senate lawmakers are close to locking in a hard fought deal to avoid the fiscal cliff. but there are still some major sticking points, especially over spending and house leaders say they won't vote tonight. still the headline tonight is that the two sides seem to have agreed on how best to address the bus era tax cuts. randall pinkston now with the very latest. >> the senate is close to a deal, as the clock ticks toward midnight and the nation teeters on the edge of the so-called fiscal cliff. >> passed the tax relief portion. now let's take what's been agreed to and get moving. >> reporter: the tentative deal
CBS
Jan 2, 2013 6:00pm EST
the house failed to act before wrapping up this session of congress. >> now i am dismayed and really saddened that the house of representatives walked away last night, didn't even touch this after we spent so much time here on the floor doing something to help the beleaguered part of our country. >> reporter: republican congressman peter king who represents part of long island called it a disgrace and blasted leaders of his own party. >> we cannot believe that this cruel knife in the back was delivered to our region. >> reporter: the president called for immediate action saying when tragedy strikes, americans come together to support those in need. i urge republicans in the house of representatives to do the same. house speaker john boehner said he will make the sandy aid package a top priority in the new congress, a new congress sworn in thursday which means it's back to square one when it comes to drafting this sandy recovery legislation. i'm tory dunnan reporting. >> speaker boehner says he will schedule two votes on aid, one for this friday and a second for january 15th. >>> th
CNBC
Jan 2, 2013 7:00pm EST
started last night when boehner adjourned congress without addressing the aid for sandy victims. republicans and democrats took to the floor. >> these people have no problems when it comes to raising money. it only comes to allocating money that you cannot do it. we cannot believe that this cruel knife in the back was delivered to our region. >> this is the time to stop debating and take the gloves off, jersey-style. >> reporter: the pressure on boehner ratcheted it up when new jersey governor chris christie stepped up to the microphones in the garden state. >> there's only one group to blame for the continued suffering of these innocent victims, the house majority and their speaker, john boehner. it's just -- it is why the american people hate congress. it's why they hate them. and governor cuomo and i are as two frustrated as two people can be, because unlike people in congress, we have actual responsibilities. and we have a responsibility to make things happen. >> reporter: tough words there. president obama joined the fight earlier in the day, demanding that the house take a
CNN
Jan 1, 2013 1:00pm PST
thing false apart. >> there's going to be a whole new congress starting thursday at night so they start from scratch. in the meantime, the markets will open tomorrow. they are very worried about continuity, et cetera. >> this legislation expires thursday at noon. you might see some liberal democrats say forget about it. republicans don't like that but they don't like that, for example. >> there are a lot of senate liberals that voted for it and didn't love it. and a lot of liberals are arguing that obama caved and they don't like the deal that he negotiated and they might say, you know what, we're already over the cliff. let's wait for the new congress to get in the house. we'll start over. so this is pretty bad news if you think from the perspective of wanting a deal before thursday. >> if they start all over again, they could do it within a few days and my experience in washington, the longer you wait on a deal like, this the more complicated potentially you could get. >> they can't let us continue on the fiscal -- we've gone over the fiscal cliff. >> unemployment could go from 7.75%
FOX Business
Dec 30, 2012 10:00pm EST
the results of the end of the show. still ahead night, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back the capital one cash rewards card gis you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who ke more cash. what's in your wallet? gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our famies and our businesses d for our entire economy. but for imme
FOX News
Dec 30, 2012 7:00am PST
sides pitching their proposals. but at this late point, some say any chance that congress has of averting the fiscal cliff will take serious late night legislative wrangling. good morning. i'm eric shawn. i'm heather childers in for jamie colby. without a deal the countdown to 2013 also a countdown to smaller pay checks for nearly all americans as the fiscal cliff tax hikes are set to take a bigger bite and the military facing serious cutbacks along with other federal programs that millions of americans count on. >> ed henry live at the white house with the latest on the negotiations. ed, we are really getting down to the wire. what did the president say this morning and will that make a difference? >> good morning, eric. part of what he was doing was putting the onus on republicans. this s his first sunday mornig appearance since 2009. on meet the press. now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next
ABC
Jan 2, 2013 6:00am EST
side. >> the drama is over -- congress has finally passed a fiscal deal. it was a long night for both sides but the house republicans decided to vote on that senate bill. the president signed off on a and said it will pass into law but many say this is not the end of the fiscal issues in 2013. >> parents at one montgomery county elementary school are asking for more security at the school. that story and more coming up this our. >> it is four days until the big game and excitement is growing each day and so are the ticket prices. redskins fans say they are willing to pay. it has been 13 years since a playoff game was played at fedex field. >> good morning to you washington. >> let's get a quick check on the forecast. >> it is a pretty decent day overall. we are very cloudy this morning but that is keeping the temperatures up. there is a wintry mix into southern maryland but that will push out shortly and the skies will clear out throughout the day. 36 degrees in washington and 34 at dulles and 30 in frederick. the temperatures are not moving a whole lot. highs will be in the upper 30'
FOX
Jan 1, 2013 9:00am EST
in milk prices. a last-minute additioo would also prevent a pay raise for members of congress from lawmakers are rrlievee thht phey ffnally reached an agreement. whole sot: working through the &pnight... weeve reached a deal.... ..... this legislation doos that that whole sot: we can say we've done some good or the country.... through... repuclibans arr eady for &pfor the house is expected ttovote on the proposal either today or tomorrow. cliff... llwmakers also have ceiling.the u-s rrached it's legal borrowing limit of 16-point-4 trillion dollars yesterday.the treasury department is taking measurrss to buy time until the end of february.they include... suspending some investmenns in peneeit funds for fedeeal worrers.but after that... the &ptreesury will not be able to in full... and on timm.s bills congress would have toovote n raising the debt ceiliig... setting the stage for another fight n capital hill. even though gas prices nevee went higherrthan they did back in 2008... gas prices.. onn aveeage... forr2212 were the ever.the naaionwide average prices for a gallon of regul
MSNBC
Dec 27, 2012 7:00pm PST
that is how long congress will have to avoid going over the fiscal curve on sunday night. >> if we go over the cliff, mr. president, the house of representatives as we speak with four days left after today with the first of the year, aren't here. i can't mamg they are out wherever they r and we are here trying to get something done. >> president obama called leaders last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would
CNBC
Dec 28, 2012 4:00pm EST
of the year. you're betting on congress which is absurd. why would you bet on congress? i don't care if they convene sunday night at 6:00. you going to bring the senate back at 2:00 a.m. to reject their bill. there has been no market pressure on this congress, and until there is, there will be no deal which means we go a lot lower before they ever come across the aisle to make a deal and solve this issue. >> but we don't know exactly what is going to happen in the new year, right, and isn't it a big risk? if you go into cash now, liquidate, go into cash and there's a big real, and we're off to the races again? >> you know, that -- again, that is -- i have a very hard time with the got to be in all the time to miss a rally opportunity. look, odds are there's going to be volatility, and we even saw it this year. the market ends, you know, a nice strong year, but there was opportunity to buy weakness during the year, so if -- look, if miraculously they come out and there's a huge deal and you are cash heavy, as i am, will i be, you know, clamoring to put that money to work to try to cha
CNN
Jan 1, 2013 4:00am PST
their arguments. this is the way congress does business in the dark of night without any transparency to what they are doing, and i think ultimately, that's one of the reasons the american public has such little faith. >> you can't blame them, jonathan, they only had 517 days to work this out at some point it will take to you the middle of the night. good to see you as always. continue that habit of not sleeping in congress. jonathan allen joining us at the capitol. >> i say that about cnn. >> i've done it. in that room once and it is hard. >> he didn't lose it for 2013, the gripping sar chism. >>> football, not the only game in town. stay with cnn all day for all of the developments, house back in session at noon this is not over yet. could be a lot more. >> very compelling. totally not watching football today. >> don't watch football, watch us. >>> in other news, hillary clinton's doctors revealing details about the blood clot that handlaned her in the hospital. doctors say mrs. clinton did not have a stroke or suffer any neurological damage, they also say they are confident that the second
FOX News
Jan 2, 2013 1:00pm PST
are a decent man, congressman, with enormous integrity and hope springs eternal your d.n.a. is left in congress. thank you for your service and all you have done. >>guest: thank you, haunt new year. >>neil: ahead of the swearing in, and consideration of the new members, after the the vote last night, one member said no one should keep their job in congress. you are steaming mad. why? >>guest: look what happened. the freshmen congressmen are paid $180,000 a year! off of our back, off of america's back and we work until april 17 to pay all of the taxes and all of the spending these guys do and they do nothing. they do nothing to stop the real problem. they talk about taxes when taxes are irrelevant. you have said this and i agree the problems are systematic. they belong in the spending. we need real change. when i lose weight i put it off tomorrow, i will start tomorrow, tomorrow, tomorrow, these people >>neil: i try never to start because that process is ahead of time, very, very frustrating. >>guest: you would do well in congress. that is the mentality. put off what is hard and put off doing wh
PBS
Dec 27, 2012 5:30pm PST
's not terribly encouraging. the president as you reported is flying back to washington last night and some members of congress are coming back earlier than others. there will be some meetings here, there have to be some meetings between the principals and the president. there are a couple of options in the last couple of days even though it seems like five days is terribly, terribly short. there shall bills floating out there to keep tax rates where they're at for people making $250,000 and below. th could slide around. there's a senate bill that floats around. there's the president's offer which could still be amended. option 3, of course. is to go over the cliff and fight this out on january 1. >> warner: are there any meaningful back-channel negotiations going on? >> leadership aides on both sides say the channels have been open even during the christmas break. when the president called senator mcconnell and others last night, senator mcconnell made clear to say that's the first time he's talked to a democrat since thanksgiving. now that sounds like they haven't been talking at all but
FOX Business
Jan 2, 2013 11:00am EST
will get into this debate about hurricanes sandy relief in a while but more on the fiscal cliff as congress reached that deal last night. our next guest says we can't keep punching the ball. democratic congressman ron kline from wisconsin and new democrat coalition is with us now from capitol hill. that is what happened here, even though the deal was hammered out as we go through this whole thing again. >> happy new year. was an imperfect solution to an imperfect process and we stopped this 11th-hour brinksmanship which isn't conducive to the type of certainty our economy needs right now to continue to grow and create the jobs we need and short-term measures don't get it done. connell: what do we do? the idea of getting something big guns seems like everybody, there with the relative amount of optimism about a, quote, grand bargain or something that looked like simpson-bowles, mostly everyone has given up on that. from the democrats fought on revenue, simpson-bowles, $2.6 trillion in revenue which some people forget that was a ton of revenue and this one is $600 billion so you are not on th
NBC
Jan 2, 2013 6:00am EST
has a breakdown of what congress agreed to on capitol hill. >> good morning. a very late vote last night but in time for millions of americans who wondered if their taxes would go up this year. >> the house stands adjourned until 10:00 p.m. for morning our debates. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> at some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the alternative minimum tax from hitting working families and prevent tax hikes for 98% of americans. tax rates will go up for couples making more than $450,000. democrats gave in on that. republicans won a victory -- the estate tax threshold is over $5 million. >> tax relief has been achieved. now is the time for the president to work with congress to address the government overspending. >> and the debt ceiling. before leaving for a whole lot president obama urged congress to raise it. >> we can't not pay bills that we have already incurred. the consequences for the global economy would be catastrophic. >> no word when the president will sign the new bi
FOX News
Jan 1, 2013 6:00pm PST
in. >> in the last night tore the last two days of a congress to say that two months from now a new congress s going to do what we are not doing here today is not something i can bring myself to do. i would like to vote for this because i do vote for lower taxes. i want americans to have lower taxes. but the other day in conference one of my colleagues pointed out that if in fact you are spending the money you are taxing our future generation. we are taxing $1.2 trillion next year. we are taxing $1.2 trillion. we won't collect it. but we are taxing $1.2 trillion of deficit. the chairman of the committee of the ways and means committee mr. camp rightfully so said we are also not simplifying the tax code. we are not making it better or fairer. we are not getting rid of the nascar loophole. we are not getting rid of the electric motor scooter low speed lop hole. we are not getting rid of a whole lot of tax things that are here but most importantly we are not taking things that the president himself said he would be for like getting the calculation of change cpi of the consumer price in
KRON
Jan 2, 2013 4:00am PST
at our forecast in just a minute of first to our top forecast this morning congress as recent agreement that keeps the nation from going over the fiscal cliff. >> the house of representatives voted last night to approve the senate bill passed earlier in the day. >> martha shade has the story. beating the motion is adopted. >> the house approved the measure passed earlier today by the senate. >> it also extends an income and benefits. some cuts will not be addressed until two months which was disciplined for some republicans. >> their obligation was to bring us a balanced meal one that had tax adjustment but also spending cuts. this one fails at that and fails badly. >> president obama praised lawmakers to reach an agreement to protect the middle class. >> i will find a law that raise the two--taxes on the wealthiest 2 percent of americans. >> middle class americans will still take a financial hit in 2013. they will not pay higher income taxes but they will have to pay at least 2% more in payroll taxes. that means most of the country's 160 million workers will see smaller paychecks this
CSPAN
Jan 2, 2013 5:00pm EST
% of the republicans who voted yes on the proposal last night are leaving congress. host: if you'd like to join the conversation and talk with congressman blumenauer, democrat of oregon, here are our numbers. let's look at the details of the fiscal cliff legislation that passed the house yesterday. it extends the bush era tax cuts up to $400,000 for individuals and $450,000 for couples. taxes go up for those who make bo those thresholds. the social security tax, the payroll tax holiday ends, so that goes up by two percentage points. unemployment benefits were extended. the alternative minimum tax was adjousted -- adjusted and the doc fix to not see a 27% cut in medicare reimbursement. do you agree with those items? >> all of them needed to be addressed. but look at the details. for example, the doc fix is absolute lunacy. it's something that nobody wants to have 27% reduction in medicare payments, but instead of addressing it straight on, and it's something we fix every year, unless there's a complete collapse in the legislative process, we're going to torment medicare prviders for another year
MSNBC
Dec 27, 2012 1:00pm PST
and tuxedo on monday on capitol hill and be ready to stay there all night. this is so fascinating, karen, because the new congress comes in january 3rd. eric cantor said to this current congress, be willing to stay until january 2nd. this congress expire at midnight january 2nd? that's going to be our deadline to get this done? this is really wild in the context of american politics. >> mike viqueira, so it strikes me that in part, i mean, basically mitch mcconnell didn't say much in that statement. no details coming from mitch mcconnell as harry reid has pointing out in terms of what would be acceptable. it seemed by putting it on boehner to some degree it feels like harry reid is trying to use boehner to sort of get under mitch mcconnell's skin. do we think that's working? >> you know, really, karen, what you see is what you get here. we're in the am not, are too kind of stage of the school yard fight. seriously. we often see the two leaders square off like this on the floor of the senate. they just have a bigger audience this time and the stakes are exponentially higher than usual, bu
NBC
Jan 2, 2013 5:00pm EST
by president obama's remarks last night. >> we will not have another debate with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid to the victims of hurricane sandy. several members of his own party immediately and loudly blasted him this afternoon, including new jersey governor chris christie. the speaker has now scheduled a vote for friday and a second vote on january 15th. >>> and the speaker has just responded to that criticism through a spokesman this evening. nbc news correspondent mike viqueira is nbc's washington bureau right now. mike, how much support does the speaker have right now to stay in that position? >> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmoil yesterday, where there was a back and forth, a question whether house republicans would go along with the overwhelming bipartisan vote, there were rep
FOX
Dec 30, 2012 10:00pm EST
down a deal. >> we don't yet see an agreement, and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors, working through the night, trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there's still significant distance between the two sides. but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, who he's worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. no single issue that remains an impossible sticking point. >> reporter: if these talks fail overnight, senate majority leader harry reid says he'll push a white house fall back bill, raising taxes only on families making over $250,000 a year, and also extend unemployment benefits for 2 million americans, that could face an up or down vote in monday's session. >> we're going to come in 11:00 a.m. tomorrow
CNBC
Dec 28, 2012 7:00pm EST
on sunday night. we have a special report "america's economy held hostage," why sunday night you ask? because the house leadership is ng back. the house of representatives is coming back and congress will suppose lead work all weekend to come up with something to vote sunday night or maybe on monday. >>> another leadership crisis involving the failing relations with russia. the adoption ban with the u.s. now in place. will the white house respond? will the president cancel his planned trip to moscow? we'll have more on that next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... to the best vacation sp(all) the gulf! it doesn't matter which
MSNBC
Jan 2, 2013 6:00am PST
night, the president warned republicans not to use the debt ceiling as a bargaining chip. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> nbc's kelly o'donnell is live on capitol hill. and nbc's mike viqueira joins us from the white house. kelly, let's start with you. you look remarkably well for what i can only mablg has been a rough last couple of days. >> oh, you're kind, chris, thank you. >> we rolled out kind of a basic nuts and bolts of the deal. give me a sense on what the mood is, how people are feeling? do people feel republicans won, democrats won? is there a winner in something like this? who got what they wanted and who didn't? >> reporter: well, if you can look past the exhaustion and the over-caffeinated atmosphere that everyone has hear, i think you do see that most people will say that the president gets a victory on this and that democrats have plenty that they are happy about in the package, and that republicans are, in fact, sort of reorg
MSNBC
Dec 31, 2012 2:30am PST
returning members of congress up to a 1% raise ending a pay freeze going back to 2009. >>> the nature did put in some extra working hours last night but there was some grumbling. one senator said quote this is definitely not a kumbaya moment. and that's your morning dish of scrambled politics. for your new year's eve weather we turn to bill karins. happy new year's eve morning. >> it's a big day, right? >> it is a big day. and a cold one. >> maybe not for you and i but for everyone else it's a fun day. last day of 2012 is very cold. snow to talk about. no big blockbuster snowstorms. the cold air is the story. easily the coldest week of the winter season. in white winter advisories. texas, panhandle of oklahoma, southern indiana and illinois this is where light snow is heading your way. winter weather advisory usually means you'll have slippery travel but not like a blockbuster event. so just travel with care especially northern texas, panhandle of oklahoma up through kansas this morning the snow is breaking out shown here in white. we'll be watching missouri traveling interstate 70 duri
ABC
Jan 2, 2013 7:00am EST
on march 1st. congress has adjourned. and late last night, after midnight, the president left for hawaii to meet with his family. and hopefully, he thinks for a few days' vacation. >> you mentioned the breathing per feelings got raw at the last minute. >> reporter: it got really nasty. politico first reported on friday when the congressional leaders met here at the white house, speaker of the house john boehner told the democratic leader, harry reid, off, use uhhing language i can't use here on "good morning america." >> you can't even paraphrase. >>> let's look at what the deal means to you at home. lots of paycheck changes right now. and bianna golodryga is at the smart screen to break it down. about 99% of americans protected from an increase. but most workers will take a hit. >> payroll taxes going up. this affects everyone making $110,000 or less. so, this year, anyone making $110,000 will pay an extra $2,200 in taxes. people making $50,000 will pay an extra $1,000. and someone making $20,000 a year will pay more $400 a year. >> but the burden falling on the top 1%. >> your typical
FOX
Jan 2, 2013 6:00pm EST
affected states are incensed. >> they haven't even told usus why. they snook off into the dark of night. >> it is inexcusable. >> reporter: the speaker says he ise committed to addressing sany relief this month, but that means the new congress that convenes tomorrow will have to start from scratch, busbu legislation does not -- because legislation does not carry over. >>> as the fiscal cliff has been averted, the wait to the last minute has many skeptics, anda renewed discussion aboutdisc civility in congress.ng joining us is the managingma editor of the hill newspaper. you got john boehner here trying to corral the cass on the house floor, he seems to be the moderate, and if there's any take away from the election mitt thromney lost, it's because theh republicans are so far rightfar that they need to come more to the middle, but the republican party is dissing john boehnerhn who is kind of in the middle? >> he got in trouble because of that sandy relief, and chrischri christie called him out, andan boehner backed down on sandy,o but overall, the republican party is not unified, and we
CBS
Jan 2, 2013 4:00am EST
highway or route 355 this morning. i'll be back with more at 4:39. >> thanks, monika. >>> congress has passed a bill which retroactively keeps the country from falling off the fiscal cliff. the house approved a bill just before 11:00 last night sending it to the president for his signature. >> the deal keeps the bush era tax cuts for 99% of americans. it also delays the spending cuts for two months so the new congress can address the issue when they come in in the coming months. danielle nottingham has more. >> the motion is adopted. >> reporter: the house of representatives passed the senate fiscal cliff bill that will cancel tax hikes for most americans and delay spending cuts. the legislation heads to president obama for his signature. he spoke after the house vote. >> under this law 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: the approval of the bill by a margin of 257-167 is a political victory for the president that comes one day after the fiscal cliff deadline. it includes an extension of unemployment benefits for about two mi
FOX Business
Jan 2, 2013 7:00pm EST
the dead of night. name-calling and cursing at every turn. it seems congress can't get anything right. alas, despite all their problems to mike and commend them on one thing, the fiscal closed deal has done nothing to fix our task -- tax cut or deal with the spending. it does blocked an automatic pay hike for members of congress. lawmakers are supposed to receive automatic cost-of-living pay hikes, but as congress's approval rating has fallen into single digits they have consistently voted to reject the race. the president obama recently issued an executive order to implement it along with the pay increase for federal workers. lawmakers might not be good at doing their job, but it sure seems they know what. that is my "2 cents more." coming up tomorrow, the fiscal cliff deal worked out on capitol hill. piece of our financial problems. tomorrow steve forbes to talk about that. that's it for tonight on "lou dobbs tonight." have a great night. lou: good evening, everybody. the last-minute fiscal cliff steel locking in bush-era tax rates for most of america, but that deal still resu
FOX News
Jan 2, 2013 10:00am PST
congress passed late last night. this started out as a debt reduction bill and ended with spending and increase the nation's debt. didn't work out exactly as planned. the bottom line, this law will provide 620 billion dollars in new tax hikes. and 15 billion in budget cuts. and for those of you keeping track at home. for every $1 in cut, according to the so-called debt deal adds nearly 4 trillion dollars to federal deficits over the next decade largely because of the extension of lower tax rates for almost all americans. 330 billion dollars of it is also an increase in spending, an increase in spending, more, more spending. plus, congress packed in some special gifts for the railroads, the car racing business, and some friends in hollywood who have some deep pockets. chris is our host of power play on foxnews.com live. happy new year! >> happy new year to you, merry cliff-mass. >> megyn: we went off the cliff and we're kind of off it, but moved the cliff and the cliff is in a weird place. postponed part of it. in any event, there's big tax hikes for the rich and hikes for everyone,
FOX News
Jan 2, 2013 3:00pm PST
said last night in reaction to it. >> while i will negotiate over many thingsly not have another debate with this congress over whether or not they should pay the bills that they have already racked up. through the laws they passed. >> i was disappointed in his demeanor and comment he made last night. wanting no fight over the debt ceiling. are you kidding me? >> republicans are ready for the fight. some of them. this is moody's investor service saying that will keep government on negative outlook because they don't see a forecast for deficit debt reduction in short-term. >> look, republicans should be ready to fight on debt ceiling. i don't think they should kid themselves as long as president obama is president. especially as well as while the democrats control the senate there is not appreciable reduction in deficit. the only way they would bebe is if there is faster economic growth. but the end of the day president obama is happy running $1 trillion deficit for four years and happy to run the $1 trillion deficit next year. republicans might make a difference on the margin, but they
ABC
Jan 2, 2013 4:00pm PST
. >> 66 days and counting. shame on you. shame on congress. >> lawmakers expect aid vote on the sandy aid bill late last night. but in a surprise move, speaker john boehner pulled the bill. the house would not vote before the start of the next 3 the reaction, swift and angry. >> ayea have it. house stands adjourned until 10:00 a.m. tomorrow. >> the senate passed a measure providing about $60 billion to the region. many house republicans said that pry tag was way too high, but governor christie said that wasn't the reason. >> because there have been no substantive reasons given to me for the action. i've got to believe they're political reasons for the action. >> the timing is key. if the house doesn't vote on the measure, lawmakers will have to start from scratch because new congress won't able to take up a bill from old congress. that means the much-needed aid could be delayed several week autos we need to do rebuild now. we need to act now. we can't wait for the next congress. >> the speaker told house republicans there will be a vote on friday on $9 kbrinl of the aid package. the rest,
NBC
Dec 29, 2012 6:00am EST
day before a new congress takes office. the house is set to return to work tomorrow night, however. speaker john boehner told fellow representatives there would be a session at 6:30 tomorrow night. he said he hopes to have a senate bill in his hand by then that they can vote on. and be sure to tune in tomorrow morning for "meet the press." david gregory will sit down with an exclusive interview with president obama. you can see "meet the press" here on nbc 4. the show starts at 10:30. >>> new this morning, many same-sex couples in the state of maine can now say they're married. that state began allowing same-sex marriages at 12:01 this morning. many places throughout the state stayed open into the night to accommodate couples who just didn't want to wait any longer. voters in the state as well as washington state and maryland approved gay marriage in november. maryland's law goes into effect tuesday. >>> time right now is 6:35. next on news 4 today, the first amendment versus the second amendment. the strong opposition facing off at a gun show in virginia this weekend. >>> plus, rg
CBS
Jan 2, 2013 5:00am EST
night. >> the deal keeps americans from falling off the fiscal cliff immediately but kicks some important decisions to the upcoming 113th congress. 9news reporter surae chinn is live on capitol hill with more on the story. good morning, surae. >> reporter: good morning, andrea and mike. yes, it was a late night on capitol hill, but in the end, the house did vote on the senate fiscal bill, although it was very late. it was around 11:00 last night. the vote by a margin of 257-167 opposing. and many consider this a political victory for president obama. that comes one day a. fiscal cliff deadline. but they will work retroactively to extend the tax rates for most americans. it's what he campaigned on to raise taxes on the wealthiest. the bill raises income taxes for individuals earning $450,000 a year and families earning $450,000 a year. it includes an extension of unemployment benefits for about two million americans. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: but of course this all delays more fisc
FOX News
Jan 2, 2013 8:00am PST
hill over the nation's debt and spending. congress approved a bill late last night that averts widespread income tax increases and deep spending cuts some say would threaten to trigger another recession if they all happened at the same time. but the bill just delays the cuts for two more months and we'll do this all over again. the congressional budget deal will add 4 trillion to the deficit. 4 trillion. despite all the back and forth on the income tax debate, at that,s will go up anyway on nearly every american worker. because the bill allows the payroll tax holiday to expire. chem cats -- democrats and republicans fought hard both sides agree it doesn't solve the country's long-term fiscal problems. >> let's send a message to the american people, again while this bill doesn't accomplish all we need to do to grow the economy, reduce the deficit and strengthen the middle class, it is a good way for us to have a happy start to a new year. by taking this first step. >> the fact is that republicans stand for smaller government and fiscal responsibility. there was nothing last nigh
CNN
Dec 30, 2012 4:00am PST
and spending cuts take effect. senate negotiators stayed late into the night trying to work out a plan that would pass a vote. both houses of congress would convene later this afternoon in a rare sunday session. in his weekly address, the president took his message directly to the public calling for congress to come together to pass a deal. >> for the past couple months, i have been working with people in both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy and shrink our deficits. it's a balance plan. one that would protect the middle class, cut spending in a responsible way and ask the wealthiest americans to pay a little more. and i'll keep working with anybody who's serious about getting a comprehensive plan like this done because it's the right thing to do for our economic growth. but we're now at the point where in just a couple of days the law says that every american's tax rates are going up. every american's paycheck will get a lot smaller. and that would be the wrong thing to do for our economy. it would hurt
CBS
Jan 2, 2013 7:00am PST
. we got to look back on this night and regret it. >> president obama has promised to work with congress but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up. >>> wall street is ready to rally this morning, after the late night binlget etbudget break-through in washington. >> will this rally last? >>> sandy hook eleme y school students are about to head back to class three weeks after the shooting. classes resume thursday at a repurposed school in nearby monroe. students have toured the school and an open house is set for today. >>> the shell ail rig has run aground off the coast of alaska. no oil leaking. crew members were evacuated. >>> a paparazzi was killed while trying to get a picture of justin bieber. >> he's free he says i'll take care of business. >> all that a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. makes me cry. >> and all that matters. >> members of c
ABC
Jan 2, 2013 5:00pm EST
of the fire is still under investigation. >> president obama is thinking congress for passing a bill that prevents us from going over the fiscal cliff. it stops a middle-class tax hike and raises taxes on the wealthiest americans. the house approved a bill last night and the senate approved a bill tuesday morning. but the bipartisan bickering continues. after passing the bill, one very important piece of legislation was not touched -- a $60 billion aid package for victims of super stormed sandy. the house agree to hold a vote by january 15 but it comes one day after finger-pointing and outrage from lawmakers. >> it is a lashing and tough- talking chris christie is known for only the time it is a fellow republican his railing against. >> i called the speaker four times last night after 11:20 and he did not take my calls. >> publicly bashing john boehner, chris christie and others from the hard-hit areas of new york and new jersey did not hold back of the house's failure to vote on the sandy relief package last night. >> we cannot believe this knife in the back was delivered t
CBS
Jan 1, 2013 5:00am EST
] >> reporter: certainly some members of congress not happy with this deal that was struck last night. however, mitch mcconnell, a republican himself, says this was a good deal for americans. the house is back in session at noon and will likely take up this vote right away. back to you. >> thanks, deal yarks live on capitol hill -- delia, live on capitol hill. >>> jessica doyle is back with a look at the economy and the cliff. >> we've been worried for months. if we go over the fiscal cliff, we're going to have a recession. it's all going to end. it's all awful. guess what? we don't have a deal. we have outlines of a deal. we don't actually have a real big picture grand compromise kind of deal. what does this mean for our economy? experts are saying we're probably not headed for a recession but we probably shouldn't expect barn burner economic growth for all of 2013 either because of the fiscal cliff. with a deal on the table right now, the nation is probably looking at tax hikes on households making more than $450,000 a year. that could exert a little drag on the overall economy. the biggest
CNN
Dec 29, 2012 3:00pm PST
is possible. i always think of congress like getting the term paper in. they like to wait until the very night before it is due. and that gives them the motivation, as you know, covering them for so long. we think oh, 24 hours to go, it is over. they think we still have 24 hours, it is a lifetime. so could they get it done? yes, but it sure seems a heavy lift at this point in time. >> it does, and i think the markets would have loved it if they could have done it with days to spare. our chief white house correspondent, thank you, jessica. >>> thank you. >>> if we go off the fiscal cliff, will you notice an immediate change to your wallet? we want to get an immediate thought, who is the fairest of them all, the truth about taxes and wealth in america. steven, thanks for being here. so we have spent six months talking to lawmakers, republican and democrats. this can't happen. we can't go off the fiscal cliff. we have got to meet this deny. now what we're hearing, it is not that bad, we have time. >> what jessica said about the term paper, getting it done in time. you know what happens if you don
FOX News
Jan 2, 2013 2:00am PST
. it is half past the top of the hour. we start with this a fox news alert congress pulling the country back after it went over the fiscal cliff. late last night the house approved a senate fiscal cliff bill being signed into law. many republicans are giving the deal a thumbs down. it does little to address the nation's soaring debt or automatic spending cuts set to go into effect. doug luzader is live in washington with more for us. >> good morning guys. it when pretty. it may be good news for the markets but parts of the deal are only temporary. the house did pass this ultimately but it wasn't all that close. it was 257 to 157. you have a clear majority of republicans voting for it. it was enough for president obama to declare a victory. >> thanks to the votes of democrats and republicans in congress i will raise the taxes for 2 percent of americans while preventing an american tax hike that could effect the economy in the recession. >> with that evidences gone. air force one could be on stand by to take the president back to finish up his vacation. in washington it is still something of a
FOX News
Jan 2, 2013 3:00am PST
street react to the fiscal deal brokered last night in the congress? joining us from washington is peter barns. it looked like there could be a big selloff if there was gridlock, but we've got good news, at least financially. >> yeah. that's right. markets like this bill. they all said -- analysts said it would help avert a recession this year. just a couple of hips ago, futures were point to go a stronger opening. dow futures are up about 200 points right now. s & p 500 futures up about 25 points. so a little bit more. nasdaq futures up more than 50 points. european markets followed their asian counterparts and rallied on the news. london's footsy, frankfort and paris, each jumping between 1.7 and 2%. asian markets were up about 1 to 2% each after the bill passed. >> steve: peter, i would have thought that wall street kind of baked this in because everybody figured they're going to come up with a deal eventually anyway. so it's kind of surprising to see such a big start. >> wall street is trading on headlines every day. so if there is a bad headline, then the markets go down. if it's a
ABC
Jan 2, 2013 4:30am PST
passed the senate bill late last night averting fiscal disaster for the moment. live at our nation's capitol with details. good morning. >> good morning, the country did go over fiscal cliff but congress have fixed the mess. what they passed is retroactive, 90% of americans will not see a change in tax rates. >> they finally got it done. congress ended the long drama over the fiscal cliff with house republicans passing the senate bill. i will sign a law that will raise taxes on wealthiest 2% of americans. it could have sent the economy back into a recession. it appeared the bill was headed for defeat. house republicans had not want to raise taxes without significant cuts. >> there is no spending cuts. we're adding $4 billion a day to the debt. we feel like the senate bill failed miserably. >> but republicans decided to the to lengthen the fight. >> what is the alternative? go out $4 trillion of tax hikes for the american people, market uncertain. >> the bill shields people earning less than $400,000 a year from tax increases and extends unemployment benefits for roughly 2 million p
KICU
Dec 28, 2012 11:30pm PST
illegal to put food on the table. the real people that are here looking for work. we have sleepless nights and they need to put themselves in our shoes. >> reporter: if congress cannot put their act together the financial cliff for 1.2 million americans 400,000 here in california may be a financial guillotine, tom vacar, ktvu news. >>> as tom mentioned 1.2 million americans would lose their long term unemployment benefits a deal could not be reached. a big portion of that population lives in california where 400,000 people would be affected. in the bay area we found there are more than 22,000 people in alameda and contra costa county that would lose their benefits. >>> the comptrollers office advice that employers use 2010 rates. social security would take an extra 2%. if the cliff is avoided, workers will be reimbursed. >>> a new alert system for missing seniors is set to take effect in california january 1st. it's called the silver alert program. the system is similar to the amber alert program for missing children. but it's intended for seniors who suffer from dementia. they will issue
MSNBC
Jan 2, 2013 8:00am PST
him, they undercut him. >> you had an agreement last night. >> we have this totally dysfunctional senate and there are a dysfunctional congress and no wonder our back is up against the wall at midnight and we get some kind of -- this terrible deal that's thrown in our laps. >> so what was it like to be in the room when republicans voted on that deal? joining me now from capitol hill is republican congressman tom cole of oklahoma, who broke with his party in late november by suggesting the gop should consider a deal with a tax hike. thanks so much for being on the show. >> thank you, luke. >> i got to hand it to you, congressman cole, a big head line in the "washington post" today, "why tom cole is right," cole and mcconnell seem to have grasped that the long-range strategy dictated a deal be done on the fiscal cliff with as little public airing of grievances as possible. do you think that for future fights your colleagues will follow your advice and how much damage has this done to the house gop brand? >> i don't think it's done a lot of damage. sometimes in politics like in war y
FOX
Dec 28, 2012 10:00pm PST
to put food on the table. the real people that are here looking for work. we have sleepless nights and they need to put themselves in our shoes. >> reporter: if congress cannot put their act together the financial cliff for 1.2 million americans 400,000 here in california may be a financial guillotine, tom vacar, ktvu news. >>> as tom mentioned 1.2 million americans would lose their long term unemployment benefits a deal could not be reached. a big portion of that population lives in california where 400,000 people would be affected. in the bay area we found there are more than 22,000 people in alameda and contra costa county that would lose their benefits. >>> the comptrollers office advice that employers use 2010 rates. social security would take an extra 2%. if the cliff is avoided, workers will be reimbursed. >>> a new alert system for missing seniors is set to take effect in california january 1st. it's called the silver alert program. the system is similar to the amber alert program for missing children. but it's intended for seniors who suffer from dementia. they will issue
FOX
Jan 2, 2013 7:00am EST
a short answer. this got done last night, 24 hours late but it got done. is congress dysfunctional? >> well, it's a very bumpy messy process. unless the speaker allows votes to happen like he did last night where he doesn't establish this rule that you have to have the majority of republicans in favor of something in the house, then it is going to be really hard to move forward with the people's business. but if the speaker does going forward, what he allowed to happen last night is just allow. it's not the republicans house or the democrats house. let the house vote. more republicans voting for something and fewer democrats. sometimes like last night, two democrats to every republicans voting for it. but the problem is the house republicans and this has been stated by nonpartisan. the house republicans are unwilling to compromise. a lot think compromise is a dirty word. they go back to districts and say they want things 100% their way. when you have divided government, one in control of congress, the only thing that stands in the way of divided government and dysfunctional governm
CBS
Jan 1, 2013 6:00pm EST
tomorrow. it's a new congress as they need to start all over again. >> reporter: well, good to be with you, gary, on the historic day on capitol hill. could be a late night. gary will be here with the very latest at 11:00. back to you. >> talk about pushing it to the very end. andrea mccaren and gary, thank you. >>> you have seen us ask several lawmakers in the last few months if they would be willing to cut their own salaries to get a deal. tonight, we can tell you that the version of the deal passed by the senate early this morning does include a provision to stop the pay raises for all members of congress. it remains to be seen if it will survive in the house. >>> you can get all an alert sent straight to your phone, whatever the house vote, whenever they vote. just text the clip to 25543 for the latest information. >>> anita today marked the first day of the same-sex couples that they could start tieing the knot in maryland. seven couples decided to do just that on the banks of the chesapeake bay. >> reporter: i'm scott broom on the eastern shores where seven same-sex couples tied the
CNN
Jan 2, 2013 11:00am PST
on congress. i was given no explanation. i was called at 11:20 last night by leader cantor and told that authority for the vote was pulled by the speaker. and our delegation asked for a meeting with the speaker at that time. they were refused. i called the speaker four times last night after 11:20, and he did not take my calls. so you have to ask the speaker. >> governor what are the real consequences of this? it is not just a sense of our feelings are hurt. are there real tangible consequences? >> sure. every day we don't begin to get this aid are days we can't help people get back in their homes, get businesses reopened, get our economy moving in this state again. those are the real consequences of it. inability for people to plan about what their future is going to be. it is absolutely disgraceful. governor cuomo and i are not wallflowers. we are not shrinking violets. and we have resources at our disposal too and we're going to continue to work together and fight together to make sure that this happens. and i still believe it will happen, because i do believe there are more good
ABC
Jan 2, 2013 5:00am PST
but the house adjourned last night without taking up either proposal. if they don't take action before congress's term ends tomorrow, any vote will have to wait until the end of january. >>> we're learning new information about a naked man with a sword who held san jose police at bay for several hours. his name is cocoa bennet. someone reported someone with anment is rifle. sky7hd was there when officers fired a flash bang device for him to drop the sword diploma they were able to finally subdue i him, get the sword and take him into custody. >> katie: bennett was treated for injuries he suffered in the confrontation. police say they averted a possible mass killing because the assault rifle in his car was fully loaded. >> contra costa water board holds a hearing in concord to consider raising water rates. the board is expected to vote immediately afterwards and increase up to 3.35% may be approved. typical bill would go up $2.27. 3.5% figure is based on the consumer price index. the board reviews water rates to maintain service. >> katie: stated water officials will take the first sierra snow s
FOX
Dec 28, 2012 5:00pm PST
illegal just to put food on the table. >> reporter: her message to congress. >> the real people that are here that are looking for work, we have sleepless nights. and they need to put themselves in our shoes. >> reporter: she and 1.2 million other americans in those shoes. reporting live, tom vacar, ktvu channel 2 news. >>> more details now on the fiscal cliff, 1.2 million americans will lose their long term unemployment benefits the a deal can't be reached. a big deal of those people live in california. in the bay area we found there are more than 22,000 people in alameda and contra costa county who would lose their benefits. >>> the national association of realtors says its index of pending home sales rose 1.5% in november to its highest levels in 2-1/2 years. the index came in at 106.4. 100 is the minimum level considered to be healthy. >>> on wall street today the looming fiscal cliff deadline pushed stocks lower. the dow fell 158 points. >>> two deaths in five hours, it was an especially deadly night in oak land. help is resting on outsider to bring peace to this city. >> r
PBS
Jan 1, 2013 5:30pm PST
night for you and the other members of the press, members of the house, of the congress. where does everything stand right now? >> well, judy, house republicans met about an hour, ur-and-half ago. they just had been on the house floor. now that vote was not notable except it was a whip session. here's what house republican leaders have told their rank-and-file. we have two choices for you. choice one is to amend this bill. they've got a package ready to go of spending cuts. it's about $330 billion over ten years. the house has already passed it. it's a sequester replacement bill. it cuts food stamps, federal pensions. it cuts some other domestic spending. it gets rid defense cuts. wean pass that and attach it to the senate deal and send it back to the senate. they've also been warned, you can do that if you want to. if you do that, it probably kills this deal. harry reid, his aide senate democrats have been adamant. they're not going to touch an amended version of this deal that was brokered between republican leader and the vice president. option 2 is to pass that senate passed bil
CNN
Jan 2, 2013 2:00am PST
-167. >> better than late than never. congress finally comes together and passes a late night fiscal cliff deal. this morning we have the winners and losers for you. >>> delicate condition. that's the word on hugo chavez's health this morning. their people told to pray for their president. >>> sure, why not. thousands take an icy plunge all for a good cause. have you ever done that? >> never. i've considered it. >> on the list of things i will never do. >> good morning, everyone. welcome to "early start." john berman will stop by later. it is 5:00 a.m. in the east. >> up first, back from the bottom of the fiscal cliff, at least for now, millions of taxpayers and small business owners can exhale this morning sort of because late last night, the house passed a senate bill that temporarily brings you us back from the brink. the final tally, 257 for, 167 defense. it's interesting to note that while some top house republicans voted no, speaker john boehner voted yes. and here's what the deal means for you. no tax hikes for couples earning less than $450,000 a year. itemized deductions capped for cou
FOX Business
Jan 1, 2013 8:00pm EST
to make it. if congress, the house were to amend that proposal to add the spending cuts to the bill the senate passed last night, republicans understand the senate is unlikely to even consider those changes. >> we are breaking up to go vote in just a moment on otherments. we do expect to vote on this later tonight. >> and what have the amendments, fiical cliff bill taking shape? what are the, size of the cuts you're looking for, where do they come from? >> we're just luking at one possible amendment. and they are going to decide after doing a little bit of discussion among members whether or not to bring it up. >> do you sport that test. >> huh? >> do you support that test? >> personally feel the senate will probably just ignore it as they did a year ago on the payroll situation. and that we'll still be back here. basically dealing with the underlying bill which is the senate version? >> do you have a chance for up-or-down vote on unamended version of the bill? >> yes. i think that will be tonight. >> do you think that will ultimately get past the republican caucus, do you have any
KBCW
Jan 1, 2013 10:00pm PST
congress takes office thursday negotiations would have had to start all over. after closed door meetings this was a vote on the fiscal cliff compromise a by partisan senate overwhelmingly passed last night. >> we have listened to the american people, we have heeded their call once again to work together in a by partisan way. >> reporter: president obama spoke minutes after the vote. one thing i think hopefully in the new year we can focus on is seeing if we can put a package like this together with less drama, a little less brinksmanship, not scare the heck out of folks quite so much. >> reporter: eric cantor voted no on the compromise. he dropped efforts to amanned the bill to add more spending cuts after failing to get enough fellow republicans to agree. >> the senate bill failed in cutting spending. >> this is unacceptable. >> reporter: the compromise makes bush era tax cuts permanent for individuals who make less than $400,000 a year and families who earn under $450,000 a year. president of the san fransisco republican assembly. >> we are spending much more than we take in. we're bor
CNBC
Dec 31, 2012 7:00pm EST
for a p tax cut. and then one interesting vo ini members of congress, they are told by the leadership in the house republican side that they are too for the rest of the night remain in an accessible state. i'm told that they were not talking about their physical location. they were told to be prepared to have to vote later on this evening i should say, larry. >> not to speak of their enebriation. >> that is correct. at some point they may have to send out the mp's. >> i love that. me, i haven't had that in close to 18 years god bless. >> and you are a better man for it. >> you are sweet. let's move on. here is an update from an old friend and pair of ours, author of "beyond outrage" and steve moore, i guess robert reich attacks things, but why is it your democratic friends never want to cut spending and never want to shrink the government? why is that? >> i think a lot of documents are willing to cut spending that maybe you would agree with, larry. the problem with this bill, the biggest problem is it doesn't deal with the debt ceiling. we are going to have trench warfare and this is
CW
Dec 28, 2012 9:00pm CST
to withstand the pressure, it's too fragile so i really believe that members of congress will actually put the needs and the welfare of the country ahead of their own political future. >> we had a significant murder rate here in chicago the 500th person was killed last night mayor emanuel calls it an unfortunate and tragic milestone. terry mccarthy calling the numbers tragic the spokesperson saying 80 percent of these homicides are gang- related people we talked to said no matter where they happen to the need to be stopped. nathaniel jackson was pronounced dead early this morning hours after being gunned down outside this convenience store thursday night in the austin neighborhood. this death marks of 500 homicides in chicago this year a number we have not seen since 2008. community activists holmes was following last night's deadly attack, one of 400 he's responded to this year. holmes like many others has praised superintendent gary mccarthy's initiative to refocus police efforts in high crime areas today he called the homicide unacceptable saying: overall the homicide rate is up 15%
FOX
Dec 31, 2012 5:00am EST
to lawmakers to nail down a deal o. >> we don't yet see an agreement and now the pressure is on congress to produce. >> reporter: republicans and democrats going back and forth behind closed doors working through night trying to avoid some of the most painful tax hikes and spending cuts in our nation's history. >> there is still significant distance between the two sides but negotiations continue. >> reporter: a possible sign of progress came when vice president joe biden rushed back from delaware to the white house to work the phones and reach out to republican senator mitch mcconnell, someone who he has worked with on many deals over the years. >> we're willing to work with whoever, whoever can help. there is no single issue that remains an impossible sticking point. >> reporter: if these bipartisan talks fail overnight, senate majority leader harry reid says he will push a white house fallback bill that. would raise taxes only on families making over $250,000 a year. it would also extend unemployment benefits for two million americans. that could face an up or down vote in monday's se
FOX Business
Jan 1, 2013 6:00pm EST
and so we could expect this to go late into the. >> night. now the deadline on this really noon on january 3rd. that is when congress the 112th congress expires. the 113th comes in and all the business that are passed especially the one from the senate. they expire. you can't make them into law anymore. you would have to start this legislative process up again if you don't get this passed by january 3rd at noon. >> rich, i mean looking at how plan b was received, boehner's plan b, there were fewer tax increases in that and the same issue with no spending cuts being dealt with and yet he couldn't get enough republican votes to get that through. so how realistic is it that they managed to get enough to pass this senate bill? i know they have democratic support in this case but is it enough? >> that is the key. the thinking is it might be enough. nobody is talking specific numbers and that is the problem because they don't know, the conversations haven't started yet between democrats and republicans seriously how many members they can bring to get the 218 votes needed to pass this
CBS
Dec 27, 2012 5:00pm PST
members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >> tomorrow's meeting with the president will be the first time president obama sat down with all four leaders since november 16th. and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look, the house has already acted on this problem. it's passed two bills. it's up to the senate to actually present some legislation and move on it. he said the house is more than willing to act on anything t
MSNBC
Jan 2, 2013 7:00am PST
till the very end but congress did manage to approve legislation to avert this fiscal cliff, even though for most of the night it looked like it might not happen. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> that was the president late last night. then he got on oo plane, headed back to hawaii where his family is on vacation. threw see air force i. it touched down just moments ago. >> the ayes have it. >> it was after 11 p.m. when the house finally voted, putting an end to 24 hours of wrangling. republicans threatened to send it back with an amendment, including spend being cuts. but in the end the politics of that didn't make sense. so the bill passed, 257 for, 85 republicans, 172 democrats. speaker john boehner was one of those yes votes and he released this statement: now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 t
FOX
Dec 31, 2012 5:00am PST
an apartment fire that killed a couple and their young granddaughter. this happened saturday night on bridge court. three people had to be treated for smoke inhalation. >>> in washington congress only has until midnight tonight to make a deal to avoid that fiscal cliff. if they miss the deadline income taxes are set to go up for everybody in america opinion >>> it is 5:45. it's been one year since a five- year-old boy was shot and killed near his family's taco truck in oakland. yesterday friends and family honored the life of gabriel martinez junior in front of the taco truck where he was hit by a stray bullet. police say the gunman ordered food from the truck and then started shooting. gabriel's family is calling on police to solve this in the new year. >> we are just angry. >> i don't hear anything. yet. i don't know if they do something about it. it's already past a year. >> police have release the video of the car that he used to get away. and a sketch. but police have not made any arrests in the case. >>> livermore looking for more clues after a body was found with several gunshot wound
FOX
Dec 31, 2012 6:00am EST
are wondering, can congress save the country from work in óóó hours. senators - went home lass night without packageebut negotiationssare ongoing. senate miiority leader mitcc mcconnell and vice president biden arr cruuial to the talks right now. negotiattons hit a standstill yesterday. mcconnell called in bidennwho he served in the senaae with for more than two decades. --sot: sen. mitch mcconnell, (r) minorriy leaaer-- i'm interestee in getting a result hhre. i was here all day yesterdaa and we submitted our lateet proposal at 7pm. last with whhever can help. --vo-- sunday the president made an appearance on meet the prrss 3 calling for a mini deaa if congrrss can't agree on a broader deal bb midnighh.. --sot: president brack obama, source: nbc (pre-fonttd)-- let's at inimum make sure that peeple's taxes don't go don't loseetheir unemmloyment - innurance --rene oo camera-- january first -- hikes and 1) at this late stage of the game what is theesticking point? what is keeping both sides from a deal? 2) with soolittle time left are any laamaaers exprrssing actually get this done in time?
SFGTV2
Dec 26, 2012 2:00am PST
networking. she served on president obama technology working group and delivered its group to congress and youth safety on the internet and you can read her plug. how's that for a plug? >> thank you very much. our parents guide is free and can be distributed at schools or parent nights or whatever, so we're happy to make them available to you at connect safety .org so a little bit more of the big picture. this is amazing panel of people who have resources and campaigns that can support and reinforce your fine work. so i am glad you stayedand we learned about bullying and preventions and solutions and just to reinforce getting the accurate picture bullying is a serious problem but it's not an epidemic. it's not on the rise. daift finkelhorn and director of the research center university of new hampshire and reviewed studies and bullying among youth is actually down in recent years. his colleague have actually stopped using the term of "bullying" and refer to peer aggression and i can go into definitions but i won't bore you. a subset of bullying is also not on the rise and based
WETA
Dec 28, 2012 8:00pm EST
gwen: 2012 was a test of a presidency and of a congress where american voters got a say and cliff hanger ace bounded. we explore it all at years end on "washington week." from the snows of iowa, through the heat of the debate, to election night, the political divide wydened. the u.s. re-examined its role abroad and a second term president claimed it. we look ahead to what happens next with michael duffy of "time" magazine. john harwood of cnbc and the "new york times." doyle mcmanus of the "los angeles times" and karen tumulty of "the washington post." >> covering history as it happens. live from our nation's capital. this is "washington week" with gwen ifill, produced in association with national journal. corporate fuppeding for "washington week" is provided by -- -- corporate funding for "washington week" is provided by -- >> wherever our trains go, the economy comes to life. norfolk southern, one line, infinite possibilities. >> we know why we're here, to chart a greern path in the air and in our factories. >> to find cleaner, more efficient ways to power flight. >> and harn es
CBS
Jan 1, 2013 11:00pm EST
cut them? we need to look back on this night and regret it. >> reporter: but this night we take a step. a positive step. the people watching us mr. speaker on television tonight, and reading about their congress tomorrow and seeing that we were able to act, not perfectly, but in a bipartisan fashion to try to take a step towards fiscal responsibility, fiscal stability, and yes, caring for those who most need our help in this country. >> reporter: it is somehow appropriate that on january 1 the year begins with a fight over the budget. it is going to happen three more times between now and the end of march and those fights will be as difficult as this one. anita? >> thank you. >>> so what does it mean for your taxes, your paychecks, and in the end your wallets? they join us to break it down. >> there is virtually no one that is not affected. not you, not me. all of our viewers were all affected to get the markets opened tomorrow is no coincidence. and there is just one thing that will make a difference between losing and gaining a couple of hundred points on the dow. remember this word
CNBC
Dec 31, 2012 9:00am EST
no deal yet in congress. but remember, the sell-off on friday and friday night was pretty severe. the dow is set to open below 13,000. markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differ
FOX Business
Dec 27, 2012 6:00pm EST
word she is reopening her store tomorrow. important news there. in related news, congress still fighting over the supplemental bill. the latest guidance and not vote expected in the senate tomorrow night. we will cover that story as well and we will be right back with my two cents more at the answer to the question of the day. do you feel the housing market in your area is recovering? [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ♪ gerri: an update to of breaking news story we told you about a little earlier in the show. tomorrow we said there would be a congressional meeting with the president on the fiscal cliff. we don't know what time, but it's happening f
MSNBC
Dec 31, 2012 9:00am PST
congress out of the straight jacket they've put themselves in. the vp and senate minority leader mitch mcconnell exchanged phone calls until midnight last night and again this morning, and appeared to be zeroing in on a tax rate compromise in the region of a $450,000 to $550,000 threshold. a higher rate than the president's earlier compromise as well as an agreement on the estate tax. sticking points remain. president obama seemed resigned to going over the cliff. >> if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do, in fact, go up on january 1st, then on january 4th the first bill to be introduced on the floor will be to cut taxes on middle class families. >> and this morning former white house spokesman robert gibbs was even more blunt. >> the republicans simply can't utter the word yes. they cannot utter the word yes. i mean, i feel like it's -- i feel like you're talking to a 5-year-old, and, you know, you're saying, look, you have to eat your vegetables. the 5-year-old says, ah, you know, maybe. i will eat half of them, and yo
CSPAN
Dec 28, 2012 11:00pm EST
, how can you be in the congress if he got arrested? last night he violated the laws. and i would say, they are bad laws. they were customs. they were tradition that we wanted america to be better. we wanted america to live up to the declaration of independence, live up to her creed, make real our democracy, take it from people and make it real. so when i got arrested the first time, i felt free. i felt liberated and today more than ever before, i feel free and liberated. you know, abraham lincoln 150 years ago freed the slaves. but it took the modern-day civil rights movement to free and liberate a nation. [applause] now i know some of you are asked and, where did you get the name, "across that bridge," where did you get the title from? life lessons and a vision for change. just think if you sort years ago since this is an election year, hundreds and thousands of millions of people in american thought the old confederacy from virginia to texas could not register to vote. people stood in lines. take a state like the state of mississippi in 1963, 1964, 1965, but voting age population o
CNN
Jan 1, 2013 4:00pm PST
of the stupidest things congress has ever done that looked like it almost had a happy ending last night and here we are again in a yet stupider situation than last night. >> that's exactly right. what's really mind-bogglingly dumb about this particular maneuver isn't just this sort of new year's day scramble to defuse the time bomb but two things in particular. one, house republicans saying that they want to add spending cuts on this, knowing in effect that if they add a spending amendment, they change this bill, it effectively kills the bill because members of the senate are already out of town. first, they gave up their right to amend a bill when they all went home for christmas last friday. they wanted to stay and fight and negotiate, well, that could have been done but they all took a long vacation. that's the first thing. second thing that's mind-bogglingly stupid about this particular situation is the fact that this is not a grand bargain. this is about a patch to get us over the fiscal cliff by dealing with taxes. supposedly republicans' favorite thing. we have already baked in the fact that
CNN
Jan 1, 2013 5:00pm PST
? for this congress to move forward, for things to actually work, is this a good system? is this a good -- to constantly have these brinkmanship, these battles that go late into the night. this is just the beginning of it, this is not even the end of it. critics say your pledge limits the flexibility member of congress might have to make compromises. >> define compromise, okay? richard nixon and ted kennedy could compromise very easily. richard nixon wanted the government to get bigger and ted kennedy wanted it to get much bigger. they compromised every year somewhere between bigger and much bigger and each one said, see, i did the best i could. today, however, we have two parties that are no longer regional parties, north versus south but actually committed to principles. the democrats have an expansive view of the role of government. they want higher taxes in order to spend more money. the republicans want lower taxes and spending less money. if somebody wants to go east and somebody wants to go west, what would a compromise be? i'm in favor of compromising in the direction of liberty
CNN
Jan 2, 2013 1:00pm PST
times last night after 11:20 and he did not take my calls. it is why the american people hate congress. it's why they hate them. >> reporter: and this meeting that just wrapped up really lasted a short time, maybe 20 minutes tops, wolf. it was clear that the house speaker knew he had to clean it up and clean it up fast and he had a plan ready to go to take the votes to reassure the republicans that were devastated by sandy. >> do you have doubt john boehner will be the speaker of the house? >> reporter: when it comes to these republicans who were clearly very angry, i asked one michael graham said that he would abstain and not vote. he said he changed his mind after this meeting, after he got a personal reassurance and promise from the speaker that he is going to make good on this money for new york and new jersey and other areas. there are probably a handful of republicans here from the areas and all of them said they would support the speaker, and i asked them pointblank. whether or not there will be other challenges or symbolic moves to make clear maybe some people are unhappy with
FOX News
Dec 30, 2012 3:00am PST
. the president did this late at night, hoping to slip this in. it doesn't read well when congress is getting nothing done, certainly not based on merit. here is peter schweitzer from stanford, university. >> the cost of this, according to the congressional budget office is going to be about 1 billion dollars a year. that makes no sense in terms of the merits, the performance in washington has been terrible. it makes no sense in terms of the politics and the atmospherics. i mean, they're getting the pay raise before they've even fixed the fiscal cliff. who gets a pay raise before the job is even done? so it's a ridiculous notion and it shows to me, really, how out of touch washington d.c. is with the rest of the country. >> dave: they're not enormous raises, most of people between 1/2% and 1%, but most americans are out of work and pay freezes across. >> juliet: yeah. >> dave: and the problem is merit. as peter just mentioned, this is one of the least productive groups in congress since the 1940's in terms of bills they passed, being signed into law. >> juliet: why can't they just not have a
FOX News
Jan 1, 2013 2:00am PST
? >> this is about the art of compromise. when congress waits until the last minute to address a bill here we are january 1st and they are addressing a bill that expired last night. >> you mentioned the debt kreeging we hit it yesterday. we had security measures in effect. that will put it off for two months. but then we will be right back here at the bargaining table. our credit rating dropped the last time we had this debt ceiling debate. is the >> no question we will be back in two months having this discussion. credit rating is in trouble. congress has to look at the spending side. the bill does nothing for spendi spendispend. that matters to americans because it effects every sij american by having a higher interest rate. it's very important. both sides were together cooperating and finding a way to cut spending. >>> thank you soichl. so much. >> thank you. happy new year. >> 48 after the hour with the new year come a slew of new laws including some that could surprise you such as a ban on letting pigs run wild. some lawmakers quenching their thirst for regulations with this plastic wate
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